Employment Trust Fund: Lagos Warns Fraudsters
Members of the public have been advised against falling into the hands of some unscrupulous individuals or groups selling fake loan assessment forms of the State Employment Trust Fund.
Lagos State Commissioner for Wealth Creation and Employment, Babatunde Durosinmi-Etti, gave the warning on Thursday at his office in Alausa, Ikeja, saying that no forms has been made available by the Employment Trust Fund Board to access funds.
Mr Durosinmi-Etti stressed that the Trust Fund Board has not authorised any agent to sell loan assessment forms on its behalf or in the name of the State Government, adding that “members of the public are hereby advised not to purchase any form purportedly issued by the Board or State Government in relation to securing loan from LSETF.”
The Commissioner maintained that information about modalities for accessing the loan will be made public by the Lagos State Employment Trust Fund at the appropriate time.
He implored the general public to contact the Executive Secretary, LSETF at 16, Billings Way, Oregun, Ikeja, Lagos or call 08173777900 for further inquiries.
Paxful Announces Roshan Dharia as Interim CEO
By Modupe Gbadeyanka
Mr Roshan Dharia has been appointed as the interim chief executive of Paxful, a leading global peer-to-peer Bitcoin platform.
In a statement issued by the company’s press team, it was disclosed that the appointment of Mr Dharia became effective on Wednesday, May 31, 2023.
Recall that Paxful returned to business some weeks ago after it shut down its operations due to internal issues.
Mr Dharia would be expected to reposition the firm “with the objectives of strengthening operations and exploring strategic alternatives.”
He was most recently a senior executive at TrustToken (now known as Archblock) where he led the DeFi institutional lending business, successfully deploying over $1.5 billion in stablecoin loans to crypto-native companies.
Prior to TrustToken, Roshan founded and built the investment platform PTHL Affiliates, which specialized in the acquisition and turnaround of distressed private companies across multiple industries.
As a seasoned executive, he has held various positions as an investor and investment banker with transactional experience totalling over $30 billion across mergers and acquisitions, financial restructurings, and financings.
The interim CEO, who is highly adept in navigating special situations with complex risk profiles and significant intrinsic value, said he was greatly honoured “to become CEO of Paxful.”
“Over the last eight years, Paxful has been a pioneer in establishing the real use cases of Bitcoin and helping millions of people in the process.
“I look forward to hitting the ground running and building on the innovative technology developed by the Paxful team,” he added.
The Custodian of Paxful, Srinivas Raju, while commenting on the appointment, said, “I’m delighted that Roshan has joined Paxful and will take over day-to-day management of the company. I’m confident under his leadership; the business will keep building a financial system that truly serves the 100 per cent.”
Since its inception in 2015, Paxful has grown to a community of over 12 million users around the world, with billions of dollars traded on the platform over the last eight years.
Abidemi Ademola Leaves Unilever Nigeria Board
By Dipo Olowookere
An Executive Director of Unilever Nigeria Plc, Mrs Abidemi Ademola, has resigned from the board of the conglomerate.
In a notice to the Nigerian Exchange (NGX) Limited on Tuesday, it was disclosed that she would officially exit the board of the organisation on May 31, 2023.
In the statement signed by the Senior Legal Counsel and Company Secretary of Unilever Nigeria, Mrs Afolasade Olowe, the board thanked Mrs Ademola for her service to the firm, wishing her well in her future endeavours.
“This is to notify Nigerian Exchange Limited and the investing public that the Board of Directors of Unilever Nigeria Plc has considered and approved the resignation of Mrs Abidemi Ademola as an Executive Director with effect from May 31, 2023.
The Board of Directors wishes Mrs Ademola all the very best in her future career and would like to express their sincere gratitude to her for the many valuable contributions and legal expertise she brought to the company over a distinguished 27-year career at Unilever.
“Mrs Ademola’s replacement on the Board of Directors of Unilever Nigeria will be announced in due course,” the disclosure said.
Aviation Minister Appoints Arise TV’s Amaka Udeh-Walker as GM NAMA
By Aduragbemi Omiyale
One of Arise TV’s correspondents, Mrs Amaka Udeh-Walker, has been appointed as General Manager for Public Affairs of the Nigeria Airspace Management Agency (NAMA).
The broadcast journalist was appointed for the position by the Minister of Aviation, Mr Hadi Siriki, according to a statement from the Ministry of Aviation.
She is one of those chosen by the Minister to lead some agencies in the sector as part of its reorganisation for efficiency.
Amaka Udeh Walker is a news anchor on Arise TV and was once the Head of Programmes at Hot 98.3 FM, where she oversaw the affairs of the Programs Department and Presenters.
She joined Arise TV in 2018 and has risen to be one of its top members of staff.
At NAMA, she will work directly with the Director General/CEO, Mr Tayib Odunowo.
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